Actblue (SZ:300816)2022-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥435,866,944.41, representing a 12.05% increase compared to ¥388,994,327.45 in the same period last year[26]. - The net profit attributable to shareholders decreased by 54.14% to ¥22,826,171.78 from ¥49,769,895.82 year-on-year[26]. - The net profit after deducting non-recurring gains and losses fell by 79.36% to ¥7,631,288.98 compared to ¥36,969,156.92 in the previous year[26]. - Basic earnings per share decreased by 54.84% to ¥0.28 from ¥0.62 year-on-year[26]. - The company's operating revenue for the reporting period was ¥435,866,944.41, representing a year-on-year increase of 12.05% compared to ¥388,994,327.45 in the previous year[48]. - The net profit attributable to shareholders was 22.83 million yuan, a decrease of 54.14% compared to the same period last year[41]. - The net profit for the first half of 2022 was CNY 22,530,962.30, a decrease of 53.5% from CNY 48,476,943.55 in the first half of 2021[164]. - Earnings per share for the first half of 2022 was CNY 0.28, down from CNY 0.62 in the same period of 2021[165]. Cash Flow and Investments - The net cash flow from operating activities increased significantly by 333.93% to ¥53,442,178.80 from ¥12,315,840.27 in the same period last year[26]. - The net cash flow from operating activities surged by 333.93% to ¥53,442,178.80, primarily due to the recovery of overdue payments[49]. - The company reported a net decrease in cash and cash equivalents of CNY -36,655,019.93 for the first half of 2022, an improvement from CNY -80,104,341.96 in the previous year[170]. - Investment activities resulted in a net cash outflow of CNY -96,447,416.79, an improvement from CNY -195,901,048.27 in the first half of 2021[170]. - Cash inflow from financing activities totaled CNY 220,000,000.00, compared to CNY 202,871,496.85 in the same period last year, marking an increase of about 8%[172]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,695,297,214.62, a decrease of 2.51% from ¥1,738,947,508.63 at the end of the previous year[26]. - The company's total liabilities decreased to CNY 675,403,485.52 from CNY 734,031,724.32, a reduction of 7.97%[164]. - Current liabilities totaled CNY 684,103,249.85, a decrease from CNY 738,522,365.40, indicating a decline of about 7.4%[158]. - The company's accounts receivable amounted to CNY 137.25 million, representing 8.11% of total assets[92]. Research and Development - The company has developed multiple products that meet the National VI emission standards and has achieved mass supply in both gasoline and diesel engine sectors[44]. - The company holds 252 authorized patents and 32 software copyrights, showcasing its strong R&D capabilities[44]. - Research and development investment rose by 30.72% to ¥28,812,997.93, driven by increased R&D activities[49]. - The company has increased R&D investment, which contributed to the decline in net profit[41]. Market Position and Strategy - The market share of the company's main products in the light-duty diesel truck segment reached 16.53%, an increase of 3.62% year-on-year[42]. - The company is actively expanding into hybrid and non-road vehicle emission treatment markets[42]. - The company is focusing on reducing its short-term borrowings, which increased to CNY 417,000,000.00 from CNY 388,679,652.00, reflecting a rise of about 7.4%[158]. - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency and product offerings[158]. Risks and Challenges - The company faced challenges due to the COVID-19 pandemic, impacting supply chains and customer demand, leading to higher raw material costs[41]. - The company is facing risks related to raw material price fluctuations, particularly for precious metals like platinum, palladium, and rhodium[87]. - The management highlighted potential risks and the need for investors to maintain awareness of the differences between plans, forecasts, and commitments[5]. Corporate Governance and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company held its 2021 Annual General Meeting on May 16, 2022, with an investor participation rate of 58.16%[98]. - The largest shareholder, Liu Yi, holds 40.40% of the shares, totaling 32,468,572 shares, with 2,000,000 shares pledged[141]. - The total number of shareholders at the end of the reporting period is 9,578[141]. Environmental and Social Responsibility - The company reported no significant environmental penalties during the reporting period[105]. - The company has not conducted any poverty alleviation or rural revitalization work during the reporting period[106]. - The company is focused on environmental protection technologies, which may influence future product development and market expansion strategies[193].